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To: patron_anejo_por_favor who wrote (17876)	9/13/2000 2:20:09 AM
From: IceShark	Read Replies (2) \| Respond to of 436258

I was about to write something similar. It is another sign of where we are.

To: patron_anejo_por_favor who wrote (17876)	9/13/2000 9:40:46 AM
From: LLCF	Respond to of 436258

<Great, a hedge on your home. Unfortunately, it's like writing covered calls in that you reduce your upside in exchange for (in effect) a reduced capital expenditure. Like a covered call, however, not all basis are covered (you still lose your a$$ if the market truly tanks). Schiller's wrong, it doesn't work best in a declining market; it works best in a flat market. And that's a rather critical distinction> precisely... and the other item left out was what price you sell the call for!!! But who cares right? Hell of a fraction of a % off your mortgage it's worth it... especially with all the debt j6p already has amassed. I'm afraid the 'money changers' are really beginning to live up to their historical reputation. DAK